Post by account_disabled on Feb 12, 2024 7:18:39 GMT
The notary is one of the figures needed when signing and making a sale effective. This is a public official authorized to certify and attest to legal documents, contracts, mortgages and transactions. Its main function is to guarantee the authenticity and legality of legal acts, providing security to the parties involved.
But, who chooses a notary when selling an apartment? How much do you charge? Who pays it? In this article we resolve the most common doubts.
Many wonder what the notary is for in the sale and purchase Chile Telemarketing Data of a home and if it is mandatory. The answer is that no, it is not mandatory, but it is recommended to hire their services, since this professional guarantees that the purchase and sale process is legal, in addition to advising the buyer and seller on any legal doubts they may have.
However, the presence of a notary is mandatory when signing a mortgage.
The functions of the notary in the purchase and sale of a home
The notary will help throughout the process of buying and selling the property, advising the parties on any legal doubts they may have. These are his functions:
Draft the deed of sale according to the law : The notary is in charge of drafting the deeds of sale of the property in accordance with the provisions of current law.
Certify who is the owner of the apartment : Through the simple note, the notary verifies that the seller is the owner of the property
Guide and resolve doubts about the clauses of the purchase and sale contract or the mortgage : During the process, the parties may need to clarify their concerns about the clauses of the contract, likewise, the notary is responsible for guaranteeing mutual understanding between the buyer and the seller at the time of signing.
Keep a copy of the purchase and sale contract for 25 years : If the purchase and sale deeds are lost, nothing happens, because the notary will keep a copy for 25 years.
Who chooses a notary in the sale of a property?
The right to choose the notary corresponds to the one who is obliged to pay the majority of the fees. In a home sale , the party that has to pay most of the fees is the buyer, so he or she will have the right to choose the notary.
In case of disagreement, and if the seller does not accept the notary chosen by the buyer, the latter has the option of submitting a claim to the User Service of the nearest College of Notaries.
But, who chooses a notary when selling an apartment? How much do you charge? Who pays it? In this article we resolve the most common doubts.
Many wonder what the notary is for in the sale and purchase Chile Telemarketing Data of a home and if it is mandatory. The answer is that no, it is not mandatory, but it is recommended to hire their services, since this professional guarantees that the purchase and sale process is legal, in addition to advising the buyer and seller on any legal doubts they may have.
However, the presence of a notary is mandatory when signing a mortgage.
The functions of the notary in the purchase and sale of a home
The notary will help throughout the process of buying and selling the property, advising the parties on any legal doubts they may have. These are his functions:
Draft the deed of sale according to the law : The notary is in charge of drafting the deeds of sale of the property in accordance with the provisions of current law.
Certify who is the owner of the apartment : Through the simple note, the notary verifies that the seller is the owner of the property
Guide and resolve doubts about the clauses of the purchase and sale contract or the mortgage : During the process, the parties may need to clarify their concerns about the clauses of the contract, likewise, the notary is responsible for guaranteeing mutual understanding between the buyer and the seller at the time of signing.
Keep a copy of the purchase and sale contract for 25 years : If the purchase and sale deeds are lost, nothing happens, because the notary will keep a copy for 25 years.
Who chooses a notary in the sale of a property?
The right to choose the notary corresponds to the one who is obliged to pay the majority of the fees. In a home sale , the party that has to pay most of the fees is the buyer, so he or she will have the right to choose the notary.
In case of disagreement, and if the seller does not accept the notary chosen by the buyer, the latter has the option of submitting a claim to the User Service of the nearest College of Notaries.